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Miami-based developer Crescent Heights has partnered with New York architect ODA to realize a massive 70-storey apartment tower for Downtown Los Angeles, the latest sign of the city's drastic urbanization. To be located at 1045 Olive Street, the mixed-use development will introduce another 794 apartments to the core, with an additional 12,504 square feet of ground-level commercial space to animate the South Park neighbourhood.
The project is one of several benefactors of California's ELDP program, which affords a streamlined approval process to investments worth over $100 million. The current batch of renderings that have been released portray a rectilinear building, placed atop a large parking podium, and crowned by a flat roof. The eight-level parking podium follows the design scheme of the tower, and unusually, is wrapped by apartment units that obscure the utilitarian inner function. There will be another five levels of parking underground.
Wood-clad balconies form a cohesive external pattern, except at the tower's midsection, which will be punctured by an open multi-level amenity space. A rendering of this section shows an elongated pool bordered by trees and overlooked by a fitness area. The developer says the proposal seeks to transplant a piece of California's exalted suburban lifestyle into the fabric of downtown by giving residents a number of verdant outdoor spaces.
At 247 metres, or 810 feet tall, the building would come in just shy of the 62-storey Aon Center, built in 1973 and the current third-tallest building in the city. The $300 million project would take about three years to be completed.
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